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of the big deal, speaker boehner has suggested to sunset upper income tax cuts that tax code would be rewritten but last night he told president obama and called it off. he released a written statement that read in part, white house will not pursue a bigger debt reduction agreement without tax hikes. best approach may be to focus on producing a smaller measure. they suggested the disappointing jobs report in june was a game changeser. >> it ought to insent visa us to do a big package without raising taxes but we're hoping the president is not thinking he was as six months ago and he was making the arguments that raising taxes in the middle of this recession or slowdown, whatever you want to call it was a bad idea. >> reporter: secretary geithner says $2.5 trillion out of spending alone would unfairly impact the elderly and middle-class and also be bad for the economy and slow down job growth. >> heather: we'll see what happens. thank you very much. >> gregg: the clock is ticking for a debt limit deal to be struck and maybe faster than many people think. white house aids say a deal
says she manages the migraine with medication and is otherwise healthy. with all of that said, big news out of texas today, the gor rick perry who said he recently feels a calling to national politics has now gotten green light from key constituent, his wife. >> as my wife was talking to me and says get out of your comfort zone. yeah, being governor of texas is a great job. but sometimes you are called to step in to the fray. >> reporter: no word on a timetable yet. unclear whether perry will participate in the straw poll. his aides here tried to respect event facilities and were told they missed the deadline now they're pulling back resources. perhaps he won't participate the straw poll but there is a chance he could be on the debate stage a few days beforehand. >> bret: a lot of flirting here going on. thank you. we'll talk about it in the panel. the man charged with the 2009 fort hood shooting rampage major nidal hasan was arraigned today and faces 13 counts of premeditated murder and 32 counts of attempted premeditated murder. the prosecution is seeking the death penalty. we'll show
know they are all big boys. and i suspect that speaker boehner in a few minutes. again, can you see what we are waiting on, speaker boehner, we believe within minutes is going to come before cameras and microphones there in the pressroom in the house and give his response to the president's comments. i know they are big boys but the president did go after republicans, especially house republicans. and especially house tea party republicans in this session. does that make it harder to deal or do they just sort of -- >> yeah, probably. but i mean the president has been doing this all along. he did it more forcefully today than he has in the past. remember when he gave the speech at george washington university paul ryan who had pointed out a budget and risks about these things and the president went after him about it it's not the first time. i suspect it's not going to be the last. boehner has a difficult job but simple task. he needs to show up at 11:00 a.m. tomorrow morning that something that house republicans, 218 of them can agree on them. something that's long overdue. i was re
, and it cracks. what happens is the road actually buckles or explodes, as they say, which leads to those big, major potholes. that causes traffic jams, it also leads to city budgets being drained because of the work crews. it's not just the roads. you look at some of the homes. again, the ground dries up, no rain to moisten it, and what happens is it cracks. and when the ground cracks, your home settles. when your home settles, the foundation -- as you can see there -- cracks. it is a major, major concern. listen to this. >> we're just noticing them all over the outside of our house. i am worried. um, i don't know what to do, i mean, do i keep my hose on or my sprinkler on? >> reporter: when the temperatures stay in the 90s for extended period of times, the -- periods of time, the problem for farmers is trying to keep their animals and plants cool, and it's almost impossible, so you have many animals that are dying. that leads to rising food prices. listen to one farmer. >> those birds were full size, current goes off, i've got less than five minutes to get fans running. and if it fries some
of the united states of america. and the craziest part -- >> the u.n. wants to spend a big chunk of that money on things that have nothing to do with climate change in third world countries. stuart varney is here to weigh in on this. so where does this come from? where does the money come from and where would they like to see it go? >> where do you want to start on this one? this shows you how totally out of wack the global warming community is with american public opinion. what the u.n. says is this -- we need $1.9 trillion each and every year for 40 years in order to solve the climate problem worldwide and to reduce poverty and hunger worldwide. so they're bringing in poverty and hunger along with climate change. >> it's not all green. it's poverty, hunger and everything else. >> but you cannot eradicate poverty and hunger without going green because if you don't go green, you increase poverty and hunger. you got it? >> so where is this money expected to come from and how much is coming from the united states? >> ok, we contribute 22% of the united nations budget so theoretically, if this
name kidnap her. that was a big fat lie. warm welcome for soldiers returning home from war. more than 50 national guard troops returned to cedar rapids, iowa, after spending a year in afghanistan. about 2800 men and women will return home to the area in the next few days. this is the largest deployment that the state has seen since world war ii. and those are your headlines. >> let's talk about what's going on. couple of days ago, we heard the president of the united states say don't call my bluff, eric cantor and i'll take my case directly to the american people. today, the president is going to take his case to the american people. he has a press conference this morning at 11:00 a.m. >> we'll see what he says again. there's no talks today, folks. they've been doing them every day this week. there was a rumor maybe they'd go to camp david this weekend but not sure if that's going to happen. no talks today. >> fascinating to see after an hour and 19 minutes yesterday that eric cantor did not say a word today, yesterday, and on thursday. now the president for the second time this week
scanners, that was big concern of people and also for some of the privacy advocates. jon? jon: yeah. and some of our chatters are wondering when this is going to hit the consumer market, you know, can i buy one of these things and scan anybody i want to? >> reporter: you know what, interesting? facebook is looking at it and google, also, to allow you to take a picture of someone and do an immediate google search to get any other information on them. so your chatters are up to speed, jon. jon: that is a brave new world. jamie colby, thank you. >> reporter: take care. jenna: breaking news of the day, and we have more big stories throughout the hour including a big rule anything the case of the former police sergeant who keeps losing wyomings. what -- wives. the case of drew peterson and how it could impact his murder trial. >>> also house speaker john boehner reworking his debt deal. this as the clock ticks closer to that default deadline. six days away, can a deal be struck in time? we'll go in depth just ahead.   you could save a bundle with geico's multi-policy discount. geic
toog much? >> of course. i don't think it's that big of a deal. when you walk through, you are not looking at your body. it's somebody nellis a different room. they don't see your face. i'm for the technology. >> greg is for the screen shot. >> i'm amazed at the restraint that t.s.a. has in not telling the shots to tmz or whatever. >> did you see when fergie went through? did you see the officers behind her screen shot? >> i would do the same thing. we need to privatize it. >> actually, you do. >> high five on that one. >> privatize what? >> t.s.a. >> security. >> we did that before. that's what happened. >> recent report $8 billion since 9/11 we spent on the scanners. obama's budget for 2011, $8.1 billion. >> but there has not been a plane brought down in the entire period. >> it's not fair to say that the t.s.a. employees want to touch someone's junk. they have been given a tough job. they are for our security. they deserve our support. they also deserve better leadership. >> they were patting down two 6-year-olds. >> i'm just saying it's. >> they're scared. >> no one get
the cliff thelma and louise style but 43% of independents say what's the big deal? >> what's the pugh research? they only talk to 764 people. >> they did it all yesterday afternoon. >> by the way, we have a panel of independent voters coming up to see how they're feeling about the debt ceiling debate because obviously, they are the coveted group. >> that panel, 765. >> all right. >> a little bit bigger. >> we go to a panel of one. steve winn is the ceo of winn resorts. they have those casinos and stuff like that in vegas. he was on a conference call with investors and investment banks yesterday and he really let the president of the united states have it. we've got some quotes from the conference call. he says, here you go. "i'm saying it bluntly, that this administration is the greatest wet blanket to business and progress and job creation in my lifetime. and i can prove it and i can spend the next three hours giving you examples of all of us in this marketplace that are frightened to death about all the new regulations, our health care costs escalate, regulations coming from left
quickly. that's still four or five years away and maybe deep space beyond. that's where the big questions are, whether we're going to follow through on that promise. >> you just described to us earlier how this is a record breaking crowd there at the kennedy space center. tell us what happened when the shuttle landed. >> for the first time in my coverage of the space shuttle landings, there was a huge round of applause as it landed. a lot of excitement. and there certainly is the sense of wow, this is really it. this is the very final time we're going to see this down. it's a little bit of a drag that it was predawn. it's really hard to see. usually see the shuttle approaching the runway because the lighting change on the runway lights being obscured by the shuttle coming in but then come flying behind us on the runway with a big parachute out dragging it down to a slower speed but certainly there was a lot of pride, i think, here watching this end of an era and, of course, you know, we had the big private commercial taxi service you mentioned, tom, in october, i believe, the big falcon l
's casey anthony released shortly after midnight. last night -- night before last. the big question now is where did she go? >> right, where is she? >> where did she go? we know that after the courthouse right there, they went in a series of cars over to a parking garage where her attorney was. next thing you know, we don't know. >> possibly the old switch-a-roo there. >> she's facing the possibility of some lawsuits so she can't completely disappear so we may see her popping up again. right now, we don't know where she is and that's incredible really when you think about the amount of attention that this has gotten and that everyone knows what she looks like. >> it was amazing. had to go through some precautions. for a woman without a budget, it's amazing the amount of money we were spending on her, her safetyher future for now anyway or maybe somebody is keeping a tab because she probably will be coming into some money soon. they called up her parents and said do us a favor, show up at the hotel, excuse me, at the prison, and go -- and be a good decoy for the press who are going t
the important thing, no tax increases this is a big development in this budget story. [ talking over each other ] >> neil: you are making the assumption that there isn't an add-oncoming. you are right, the deal itself, [ talking over each other ] >> neil: don't jump the again. more than a trillion coming out of the wars. republicans have factored in that math as well. do you think given your point of view, that others will jump onboard of as the best thing out there? >> i think this is the basis for a deal. we have to jiggle the numbers, you are right. a lot of numbers in reid's budget proposal are phony. i think it is significant. weeks ago, harry reid put forward a budget with two trillion of tax increases, now he's at zero, that's a big deal. >> neil: we've been mentioning the markets and how they've held on. is that because they are factoring in a deal at the last minute or that they are okay, no matter what happens? >> i think the market has come to the perception we will have a deal. i think we are going to get a deal within 48 hours of august 2nd. if we don't get that deal before august
about it. >> trying to follow the guns is a big part of the drug cartel thing. they tried programs. >> that is the problem, they didn't track them. they gave them to them. didn't work. >> gave 2,500 and. >> it didn't work. the american people deserve to know that. >> i agree. >> then this is not unreasonable to ask the gun shoppe to report the ridiculous weapons of mass destruction that the national rifle association loves so much. >> the n.r.a. for you are symbolic of people who own guns. that is what it is. it's just people who belong to an organization who own guns. the security is not the issue. >> it's the not the gunowners of the national rifle association, it's the thugs that run it. >> maybe nancy pelosi and harry reid can answer why $10 million of taxpayer money in the stimulus bill? america, you paid for this. >> the overseer of. >> maybe somebody got jobs out of it. >> druglords. are you thrilled about that? >> no, not really. >> created or saved a bunch of drug traffickers' jobs. bravo. >> we agree that this did not work but we have to find a way to track the guns. >>
would the president come out today and hold this news conference if he didn't have something big to announce? >> reporter: well, i think it may be a matter of using the bully pulpit of the presidency of the united states, essentially putting publish pressure on lawmakers so come back to the bargaining table with some serious ideas that they're willing to give a bit to find a deal. and so it's the president being able to -- the power of the presidency being able to take his case directly to the american public to say here's what i want to do, here's why we have to do it, and here's why we need these other people to get in line or get on board. and so we will see if it helps to make his case or whether it causes the respective constituencies to say well, that's just wrong, we're not going to do that, and whether it, you know, extends the impasse or whether it leads to an ultimate breakthrough. it's not clear at this point. >> and there is the bully pulpit that mike was referring to. mike emanuel, thank you very much, we'll see you after the president speaks. again, we're waiting fo
thought it was going to be resolved, the nfl labor situation hits snoer big snag. >> this is amazing, the owners say we've ratified a deal. let's play ball and open up the gates on saturday. the players say wait a second, we haven't read the whole thing. how dare you end the longest standout and lockout in this league without our permission? listen. >> we can all work quickly expeditiously and get this agreement done. it's time to get back to football. that's what everybody here wants to do. >> i've never seen anything like that. the players wanted more time to study the last minute changes. they have a lot more players than owners. now they feel a little stand-offish, the delay means camps won't open tomorrow, perhaps and the hall of fame game that is the official launch for the preseason which is the nfl season is canceled. and every week of preseason that is canceled, average loss of $200 million for players and owners. >> big deal. >> can't we all just get along? >> how can you end a fight without the other person's permission? how can you end a stand-off without the other per
's the big question, right? >> looking at the influence of the freshmen today, in general they believe and have very involved local voters to back them up that they were elected in 2010 with a mission to, reign in big government, specifically big government spending, and this debt ceiling debate fits right into that. here's more from one freshman tea partier. >> it would allow the debt ceiling to go up, but only if we had significant cuts, statutory caps and balanced budget amendment and there's a growing movement with that. we met with leadership, we met with majority leader eric cantor and were trying to impress upon them that we need to be for something as republicans, we need to define what we're for. >> senator paul says this is a fight, quote, too important to give up. jon. jon: what kind of influence do the new members have, though? >> well, republicans are in the minority and the senate, so less there, but in the house they're in the majority and tea partiers, or those who agree with the tea party on fiscal issues, among the 87 how freshmen have not been shy about staking their
with fake documents to get real passports and then come to the u.s. and a big part of the problem is that countries aren't sharing information with each other. part of this government accountability office report says "even when countries have terrorist screening information, they may not have reciprocal relationships to share such information or other traveler information such as passenger airline lists with other countries to limit the ability of preventing travel of known or suspected terrorists." even though a passport can't kill someone, it can help a bad guy get in position to do some serious damage. >> travel documents are the same as weapons to terrorists. they can't carry out their plots without them. with our partners, and again, some of that is out of our control. we're closer to a c. >> and this gao report deals heavily with the breakdown, basically in communication with other countries. here at home, though, we are not perfect because since november 2001, just a few weeks after 9/11, there have been 25,000 security breaches at u.s. airports. that's about seven a day a
question is whether they can move, pasoo move past thinking about this big deal, move towards the possibility of a 2 1/2 trillion dollars deal, and whether they can come to some conclusion that that's not going to work, it's not going to get past the house, if it has any tax increases. that's the bottom line. we've heard it from speaker boehner on my show yesterday. it's just a matter of head counting. and now you have senator mcconnell's plan out there that he describes as a last ditch effort, but it's already getting praised by democrats like senator reid and house speaker nancy pelosi, so the going bet now inside washington is that they'll continue to talk to try to get to some bigger deal, but that the escape valve is there and it may be in the form of senator mcconnell's potential. martha: that raises a lot of questions about how a deal that looks like that would do in the house. and we heard president obama last night in an interview basically saying if they don't come to a deal, social security checks are in jeopardy, as westerly as august 3rd. here's a piece of sound,
augustway, there is big-time fighting going on in house. we have a fight between congressman west of florida and congresswoman debbie wasserman schultz. break down the fight and start off with what wasserman schultz said that angered west. take a listen. >> president obama vowed to veto this bill which ends the medicare guarantee and incredulously the gentleman from florida who represents thousands of medicare beneficiaries as do i is supportive the plan to increase cost for medicare beneficiaries. unbelievable from a member from south florida. >> andrea: okay, whether it's truthful or not, that was just policy. here is how west reacted in an e-mail to wasserman schultz. >> for her to follow me on the house floor after i have given a one-minute speech and i talked about facts and figures as far as the debt ceiling and her to make personal references to me after i had left i didn't appreciate that. she is not a victim. she has been attacking allen west for quite some time. i finally had to let her know enough is enough. >> eric: hold on. that was his explanation for this. right here that he s
you know them as three doors down, they've had all kinds of platinum records and big time hits. they'll be performing live on our concert stage out on the plaza today. and of course, famous dave's cooking up barbecue all morning long so if you're in the neighborhood, stop by 48th and sixth avenue, not a free concert but free breakfast and you might meet clayton morris. >> if you're lucky. i won't make any promises. friends e-mailed me last night, three doors down, huge fans. >> that could be three drawers down baseed on that guy in the video. he was in his drawers. that's a wake-up call. that guy in his drawers as well as your headlines this morning. he didn't want to kill terrorists in afghanistan perhaps because he wanted to kill americans right here at home. awol soldier may have been inspired by al-qaida cleric copycat to the ft. hood massacre, they are checking into that following his arrest and confession that he wanted to, "get even" with the army allegedly plotting two attacks near the base. the suspected gunman in the original attack had direct contact with awlaki. yesterday
's a big chance the defense is taking to go after the father of the defendant. when have you ever seen that in in any trial in this country? and yet, baez diecided that he had to raise questions about george anthony so the jurors would go back to the deliberation room to say too many questions in this case to be certain enough to convict on first degree murder. somehow the duct tape got on caylee's mouth. baez is trying to plant the seed that maybe george anthony did it for some bizarre reason, who knows? but again, it isn't the defense burden to prove anything and if the jury has these free floating question marks, some anxieties about the burden of proof, that could be enough to get either not guilty or as was pointed out a couple of moments ago, a couple of hold up jurors who said i'm not going to convict casey anthony of first degree murder. there's not enough evidence to convince me beyond a reasonable doubt. >> great to see you this morning. thanks so much. happy fourth of july to you and to your viewers this morning, we want to let you know that at 8:30 eastern time, continuing
of the house because i wanted a big fancy job. i wanted to be speaker so i could do what it takes to -- we have a spending problem. i'm going to do everything can i to tackle this problem as big a way as can i because it's the right thing for the country. >> chris: even if it causes heart burn for the g.o.p. caucus. >> it's the right thing for our country. >> chris: you now say that you and the president are from different planets. you have two entirely different views of the world. what made you ever think -- what makes you seem to think even now that you can make a deal with this president with this views on trillions of dollars in spending, entitlement lings and taxes? >> chris, ways born with the glass half full. i am the opt mist. it's about trying to find common ground. yes, i understand the president feels that we need a bigger government and more spending here in washington. i believe allowing the american people to keep more of that money is the best way to create jobs and grow our economy. it's almost like we come from two different planets. my job is to find as much ground as we can
, some real big news, actually, because speaker boehner, it seems, may have a plan that will come to fruition, before 4 p.m. this afternoon so that the asian markets aren't rattled and it will involve sort of a two pronged approach. >> yeah, but the most important part of the two step process clayton mentioned there's going to be a short-term extension involved and the democrats have objected to that, as you know, from the very beginning, the president, nancy pelosi, harry reid all three last night reiterating they will not support a short-term extension. so it appears we are playing with some serious fire on this sunday. >> what does john boehner do, comes up and hands over the paper work, they immediately say no. listen to this, thises what mitch mcconnell has to say about this. there is bipartisan agreement on the need to prevent fault and given the unprecedented size of the debt ceiling increase, the president is requesting, this is not an easy process. and the effort to prevent default while substantially reducing washington spending will continue. >> of course, all of the co
. consumers are certainly cutting back, sales of big ticket items like cars and appliances tumbling more than 4%, and that's really effecting our economic growth. we're going to be talking more about this throughout the show today. >>> so that's our first headline but one of many as we start off this friday morning. hi, everybody, i'm jenna lee. jon: and i'm jon scott. dramatic new developments in that debt standoff in washington, and we are all over them. president obama speaking just moments ago urging republicans and democrats to reach some kind of compromise. he's warning the u.s. will lose its top credit rating if it falls into an unprecedented default. jenna: and it could lose that rating anyway. that's something we've been hearing a lot this week, that despite some of the decisions made in d.c., we could still see a downgrade. now, the political standoff as we know it is escalating this hour. a senior gop official, a house aide, i should say, telling fox news that house republicans will pass their debt plan today. we thought that yesterday. we'll see if it happens today. a bill that se
the northeast will see a big relief from these hot temperatures back to normal with a high of 82°. texas, still expecting triple digit highs 103 in dallas. raleigh, north carolina still above average high at 95. >> arthel: it stays hot at night, i know here in new york. people who are healthy and strong, they are becoming overwhelmed by the heat. >> very important to stay safe. some areas during this heatwave their nighttime lows with were hotter than their daytime average high temperatures. the entire day throughout the overnight hours they were looking at temperatures above average. it is incredible how massive and powerful this past heatwave was. fortunately, almost over for some folks. >> rick: a lot of people look to go into the water to find relief from this heat. you have to be safe. there's a search underway in western wisconsin after two boats collided. two people were killed in the crash. one from each boat. two men are still missing both in their 20s. one was arrested. another three sent to local hospitals. police say people onboard had gathered for an upcoming wedding. they are look
're doing. not getting a big reaction from that in the mainstream media. we're going to have a fair and balanced debate on that moments from now. >>> and we continue to keep one eye on this story, awful breaking news coming in the from norway after that bombs -- bombing earlier. now reports that a gunman went into a youth camp, and the wires are saying that a number of people have been shot in this incident. ambassador john bolton joins us now in three minutes on that story as an investigation is now underway following another deadly bus crash on our nation's roads as well. one person is dead, dozens more are injured, and we may be joined moments from now by the soldier who helped to save lives at this scene. he became a first responder. this is an incredible story, and we're trying to get a conversation with him going. we'll keep you posted on that. >>> also an ohio policeman under fire for a rant that was caught on his dash cam. did this officer overreact? the we're going to play that tape for you, you can see what you think. be right back, more "america live". >> what's the first
hikes as well. >> that's the big sacrifice? one of their big cuts is a trillion dollars out of the defense budget because they figured out that the iraq war is winding down so afghanistan is also winding down and that's the trillion dollars they thought they'd save but they don't list anything with the harry reid plan and not to look at entitlements, how could you possibly say we're taking a hard look and making tough decision abouts the future of our -- of the country economically and not look at entitlements when even the president of the united states has had a problem. let's look at john boehner. he says, all right, i'll raise the debt ceiling. this is what i mean by a two phased plan. just a trillion dollars and we'll have $1.2 trillion in cuts by the end of the year. the future cuts will be commissioned and sent up after they commission a bipartisan panel to decide, you know, republicans or democrats to decide which will be cut and what shouldn't. >> and apparently, it would be along the lines of the cut, cap and balance as you can see right there. here is something th
. >> it was a big vote in the house today, what's going to happen with your 401k on the outcome of that vote. >> we have to focus on gretchen's 401k. >> revealing all, gretchen? >> no. next on the rundown, who knew john mccain was a fan of "lord of the rings"? >> tea party hobbitts could return to mother earth. >> why he's turning on republicans, the tea party ones at least in the debt debate. >> and these two soldiers served together but did not come home together. now they are side by side at arlington national cemetery but their friendship lives on through an amazing story that both of their families are here to share and that's coming up. >> happy birthday, elizabeth berkeley! that actress turns 39 today. and i'll list her movies in the break. ♪ [ female announcer ] erybody loves that cushiony feeling. uh oh. i gotta go. [ female announcer ] and with charmin ultra soft, you can get that same cushiony feeling you love while still using less. charmin ultra ft has extra cushions that are soft and more absorbent. so you can use four times less versus the leading value brand. ah. [ femalennounce
. >> hi. >> my name is amanda, and i'm a big fan, i'm from iowa originally. >> nice. >> yes. [laughter] i'm an atheist, and in dangerousville, ohio, in 2008 you asserted that no organization receiving taxpayer funds would be able to discriminate in hiring or firing based on a person's religion. however, you have not rescinded the executive order that permits this type of discrimination. in a time of economic hardship when it's difficult for a person to get a job based on her skills, what would you say to a woman who has been denied employment because of her religion or lack of religious beliefs by a taxpayer-funded organization? >> well, this is a very difficult issue, but a more narrow one than i think might be implied. it's very straightforward that people shouldn't be discriminated against for race, gender, sexual orientation and/or religious affiliation. what has happened is that there has been a carve outdating back to president clinton's presidency. for religious organizations in their hiring for particular purposes. and this is always a tricky part of the first amendment. on the on
. >> is this as big as wanted to go? heck, no. we ran and going bigger. but this is the only proposal on the table that accomplishes the goals we set out to do. martha: that defines what's going on. duffy says he will vote for the bill because he believes it's the best one out there. bill: if you were able to follow everything last night in the house. in the senate some conservative republicans are not supporting the deal boehner has on the table. kentucky senator ranlds paul talking with sean hannity ex -- nor rand paul explaining why he would vote against the boehner plan. >> it will add $7 billion to the debt. it doesn't change the course we are on. if we froze spending. if we didn't spend any more money next year than we spent this year. washington would count that as a $9.5 trillion cut. why? because we are going to add $9.5 trillion to the debt. when they tell you they are going to cut a trillion, it's from proposed increases in the debt. it isn't meaningful. bill: paul says there are perhaps as many as 14 republican senators who will vote no on the boehner debt deal fit makes it out of the
still face some challenges. you know, this economy took a big hit. there are always going to be bumps on the road to recovery. bill: republicans are going to jump all over that, they have already, but here is what you think about politically, stuart n. 2012 and that is this, david plouffe said this week that americans are not voting on the unemployment rate. what do you make of that? because the unemployment rate is a reflection of the hardship so many are experiencing now. >> he said that americans don't look closely at the unemployment rate when they vote, they look at their own personal situation. well, come november of 2012, if in their own personal situation they are surrounded by economic pain, layoffs of all kinds, with very close or no movement in the economy, if they are personally surrounded by pain they're not going to be very happy. bill: there's a lot of pain out there. we hear a lot of talk now about a double-dip recession. watch that. stuart, thank you. >>> wall street not liking what it sees, stock futures tumbling on the news. the dow had been on the rebound of late,
to be speaker of the house because i needed a big, fancy job.ecome saker of the i wanted to be speaker so i b can lead an effort and to do the right things for our takes country. we have t ao -- spending proble. i will do everything i can torol i'm tackle this problem in as big a way i can because it is the a right thing for the country.se s >> even if it causes heartburn in the house gop caucus?: even i >> it is about doing the right. thing for our country. >> you now say you and the president are from differentd t planets. you have twoen tierm differentns views of the world. what made you ever think -- t what makes you seem to think even now that you can make a deal with this president withth his views on trillions of dollars in spending, entitle ment's and taxes?ings a >> well, chris, i was bornh with the glass half full. i am the op tau -- optimist. abo it is about trying to findn common ground.yes,nd yes, i understand the president feels that we need a bigger government and more spending in washington. was i believe allowing theow t american people to keep more of that money is the best
. [ jack ] yeah, ts is pretty good. don't you have a big race today? don't worry, kevin, i've got it all covered. (cheering crowd) track announcer: and jamie mcmurray wins the brickyard 400. how'd we do? announcer: check out huge clearance savings at bass pro shops and our upcoming fall hunting classic. he was all like "oh no, i cannot do investing." next thing you know he's got a stunning portfolio. shhhh, you're welcome. [ male announcer ] e-trade. investing unleashed. >> all right. glad you're up. the debt ceiling deadline quickly approaching. we're less than one week away from possible default. so how will washington come together on a solution before tuesday's deadline? will they at all? former advisor to president bill clinton and author of "revolt" dick morris now joins us. dick, i know you have a lot to say about this and how this is all playing out. first off, as for the president, is this drama working for him? >> no. no, it's working against him. ultimately, whenever washington is a mess, it's the president that gets blamed for it. now, of course, republicans in congress get
that part of big government. final you have oil leases. if we examine end today the number of over shore lease -- if we extended the number of offshore leases it would help balance the budget. when clinton and gingrich worked out their deal, sale of spectrum, radio and cell phones back then was an important part of that revenue. you can shrink government and increase revenues at the same time. >> sean: you are bringing up creative, out of the box ideas at a time when the nation is going bankrupt this is not what they are discussing this is the problem. the president wants to increase taxes by a trillion dollars. you say he's not going to get it. it is not relevant, because that's what he wants. the president wants to gut defense at a time we have three wars going on. he wants to avoid structurally re any entitlement program. he won't give up on obamacare. -- the imaginary savings are based on phony accounting. ridiculous rosey projections flash flood the interest rates go up we lose all the -- projects if the from rates go up we lose all the -- >> he's pointing at a corporate jet while p
. there was a moment in time when president obama was talking about doing big things and being the guy and turnin turning this into a much needed win by a beleaguered president. we are seeing this fade away, we are seeing the administration give control of this discussion to capitol hill, just like with other things. martha: as you say, in previous confrontations when it came to healthcare, stimulus, all of that got pwubgd back to congress to work out the details. he looked like he wanted to be out in front of this. why do you think he changed his mind? >> reporter: it's really hard. being president is really hard but also doing a deal like this is really hard because the scope of what you're talking about isn't -- this isn't about money. we heard over the w weekend, or it's 400 billion on this or 800 billion on that, there is a chasm which exists between the republicans and the house, the conservatives from 2010 and president obama who is puerto rico the hreu ral wing of the democratic party and his victory in 2008. there is a rubber game that needs to be played here, that is the 2012 election a
. that has been the big stumbling block because republicans we're not interested in lacing taxes, no way. it will be interesting to see how they get that back to make those trig teors get all the parties at the table. >> gregg: very busy saturday on capitol hill. >> heather: so the question is what happens if no debt deal is reached. many analysts say we don't know the true effects. it is uncharted territory. here are some possibilities. you will see higher interest rates and pay more immediately on credit card debt. home and car loan rates, those will rise. stock market could plunge costing you dealer. the u.s. dollar would almost certainly plummet on the world market raising the prices that we pay for imported products. we could see a state funding crisis as well if the federal government can't fork over aid to the states they will have to fund their massive budgets and federal funds for student loans would freeze, billions would not be paid. >> gregg: so critics are questioning where the president is in all of this. that was what speaker barren was sailing. president obama urged lawma
of his life, he had moved -- hired a moving company called two men with big hearts moving and storage. but he fell behind in his bills to this company. this storage company because of medical bills that had piled up for him. >> so he just passed away and the family is trying to figure out what they're going to do at the funeral and what they would like to do is get a hold of some of his military stuff, including his two purple hearts but the problem is that particular company is owed by the family $600. the family went over and talked to them and they knocked it down to $500. but nonetheless, they would like to have the stuff for the funeral next tuesday but they got to come up with $500. here's the son of the veteran. >> he was a very patriotic person. >> dad wanted to go out in a blaze of glory. that was on the back of the fire truck. something we want to give for dad. that was one of his last requests. >> he had it for five years. it would be thousands of dollars. don kennedy owns the company so he's not going to release the stuff as of right now unless they pay the $500 which is
to get the whole grain you want from your favorite big g cereals. from cheerios to lucky charms, there's whole grain in every box. make sure to look for the white check. with diabetes, it's tough to keep life balanced. i don't always have time to eat like i should. and the more i focus on everything else, the less time i have to take care of me. that's why i like glucerna shakes. they have slowly digestible carbs to help minimize blood sugar spikes, which can help ler a1c. glucerna products help me keep everything balanced. [ golf ubs clanking ] [ husband ] i'm good! well, almost everything. [ male announcer ] glucerna. delicious shakes and bars. helping people with diabetes find balance. >> shannon: we hear a lot about the august 2nd debt ceiling deadline. what happens if politicians fail to raise the ceiling. james rosen spells it out. >> debt to me is experience through the eyes of president obama himself and what what happens if he and lawmakers fail to raise the debt ceiling before august 2nd. as the president sits in the oval office and surveys what the nation takes in and also t
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